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A residential building in Germany consists of owners with different apartments under one legal entity called u2018apartment buildingu2019 (Mietshaus). The German law stipulates that maintenance of the building has to be handled by a professional property management company to safeguard appropriate maintenance and administration in the long term. The most important issue in managing a residential building is the property management company. It takes all measures necessary to professionally and sustainably look after the building, budget management, administration, maintenance etc.). For this purpose an
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English PROPERTIESINBERLIN INVESTORINFORMATION ABOUTUS BERLINBLOG CONTACTUS INTERNATIONALREALESTATE APPRECIATIONVALUEOFYOURINVESTMENT Home»Appreciationvalueof yourinvestment FacilityManagement INVESTORGUIDEBERLIN Aresidential buildingin Germanyconsistsofownerswithdifferentapartmentsunderonelegalentitycalled‘apartment building’(Mietshaus).The German law stipulatesthatmaintenanceofthebuildinghastobehandledby aprofessional property management companytosafeguardappropriatemaintenanceandadministrationinthelongterm. Themost importantissueinmanagingaresidential buildingistheproperty managementcompany.Ittakes allmeasures necessarytoprofessionallyandsustainablylookafterthebuilding,budget management, administration,maintenanceetc.). Forthispurposeanannualowners’meetingis beingheldwheretheproperty managementwillpresentadetailedreportfor thecurrentyear and discuss itwiththeowners, whowilljointlytakefuturedecisions concerningthebuilding. RentManagement The property management companyisresponsibleforrunningtheproperty andtakingthenecessarymeasurestoensure theproperfunctioningofthebuilding, onadailybasis.However,itis notnecessarily responsibleforoptimization and
HistoryofBerlin • TheWallanditsimpacton realestate prices • RealestateinthecityofBerlin • TheExpensesInvolvedinthePurchase ofRealEstateinGermany • RealEstateTaxesinGermany • Financingoptionsforforeigninvestors • Appreciationvalueofyourinvestment appreciationvalueoftheinvestment,suchas replacingatenantrapidly,renovationoftheproperty inbetween, and controlled raiseof the rentalfees. Thefactthatlocal andforeigninvestors haveenteredtherealestatemarketinBerlininrecent yearsand thesignificant increaseof apartmentbuildingshavecreatedtheneed foramore effectiveconnectionbetweentheownersandthe property management andtheneedforactiveinvolvementinappreciationofvalueby rent management. Furthermore,rent managementincludes managementofasingleapartment unit and therepresentationofitsowners,whileeffectively managingthetenant onbehalfoftheowner,optimizationoftheinvestmentrespectively replacement oftenants,raiseof rentalfeesonaregularbasis and representingtheownersduringannualmeetings. Raiseofrentalfees Therentthatatenantpaysistheproperty value and it determinestheyieldfortheinvestor.Therefore, consistentand professional control concerningtheincreaseoftherentis acrucial factorforappreciationvalue. Existingrentalagreement Germanyhas auniquecalculationsystemforurbanrental tariffs,called‘Mietspiegel,basedondozens ofvariablessuch CONTACTUS as:yearofconstruction,quality ofconstruction,facilitiesand level offinishingeneral,neighborhood,exactlocation, and more.The ‘Mietspiegel’includes acontrolledmechanismtoraiserentalfees. This allowsanaverageincreaseofupto15% withinaperiodof3years.However,raisingrentalfees inGermanyis aproceduralandofficialprocess.Besides that,it requiresathoroughinspectionofthepropertybyanexpert.Thisprocedureis takingplaceoncein3yearsand ispartof therent management.Itisameantoappreciatethevalueof theproperty atany giventime. Name*: Phone*: Newrentalagreement When signinga newrentalagreement,theownerisnotobligatedtofollowtheurban‘Mietspiegel’. The demandofthe Email*: rentalmarket determines therighttoapplythemarket price.In2013,rentalfees fora newleaseinBerlin’s popular neighborhoodshavereachedalevel twiceas high asthe‘Mietspiegel’. Changeoftenants Subject: In7–10%oftherentedapartmentsinBerlintenantsarechangingyearly.Moreover,anewtenantisanexcellent opportunitytoappreciatetheproperty’s valueby refurbishingtheapartment andchargingahigherrentinlinewiththe market prices. The property managementwillprovidetheinformationregardingtheadequatemarketpricebasedon Yourmessage: location and level oftheapartment facilities.Thus,theownerwillbeabletooptimizehis investmentand enjoyahigher yieldinthe long term. Long-termrentalsandmid-termrentals(limitedperiod) AnytenantrentinganapartmentinBerlin,holdingastandardrental agreement forlong-termandlivingintheapartmentfor *Requiredfields overayearhastherighttostay intheapartment foranunlimitedperiodprovidedthat hehasbeen payinghisrent CALLMEPLEASE regularly.This isthemost commonsituationinBerlin.However,theincreasingnumberofstudentsandimmigrants moving
toBerlincreatestheneed forfurnishedapartmentsforarentalperiodbetween3 monthsandone year, wheretherelease datewill be setinadvance. Therentaltariffforafurnishedapartment ishigherthanalong-termrental.Thistypeofrentalagreementis notabinding contract and areleasedateissetinadvance.Anotherprotrudingadvantage, ofcourse, eachnewagreementadjusts the market price. Theprices ofthelocal market adjusts therent everyyear. Beyondthat,when sellingthepropertyan empty apartment will alwaysbehigherinvaluethanthesame apartment boundtoalong-termrental agreement. More aboutmid- and short-termrentalsinBerlin. Investmentrealization Rent managementallowstheinvestortomaximizehisprofitasfrompurchaseofthepropertytoitsrealization.Thelocal and urbanvalueincreaseinfluences theappreciationvalue.The conditionoftheapartment and thelevel ofrentalfees influences thesame. Moreover,Quality rentmanagementisprovidingtheownercontinuouslywithallnecessaryadviceand information andiscrucialtoachievemaximumoptimizationoftheinvestment.Westrongly supportactiverentmanagement policy toachieveappreciationvalueof ourclients’propertyinBerlin. Transparencyofinformation Rentmanagementservices,whichweprovidetoourloyal customersreflectourconcept. Wesparenoefforttomaximize ourclients’investmentinthecity.Forthispurpose,weuseanonlinerentcollectingsystemwithfulltransparencytoour clientsalsoshowingtransferoftherenttotheirbankaccount.ThisactivityiscarriedoutbyInternetinterfaceavailableto ourclients who can accessitusingapersonalpassword. Totheservice CONTACTINFO QUICKLINKS NEWSLETTER Sign up to get updates about investmentsoptionsinGerman. • InvestmentinBerlin • □ • Aboutus • ApartmentsFORSALEin Berlin • Staff • ContactUs • PrivacyNotice/Impressum BerlinOffice:Ludwigkirchstraße3, Fax:03-505-53-06 Berlin,10719 BerlinBlog TelAvivOffice:KaufmannSt.2,TelAviv- YafoBeitTekstil,Floor7,Office1 Planning to invest your capital safely in the Berlin real estate market and earn a high return? Discover with us the perfect property you are dreaming of, whetherforyourownuseorforrent Email Telephone:+97203-644-44-46 Subscribe
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